Hungarian Telephone & Cable finalized purchases of shares of its ...
Hungarian Telephone & Cable finalized purchases of shares of its Hungarian subsidiaries from minority stockholders, terms not disclosed. Company said transactions were all-cash except for purchase of International Finance Corp.’s (IFC) 20% stake in Papatel. For Papatel transaction, Hungarian…
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Telephone issued 72,000 shares of common stock to IFC, which is part of World Bank Group. Hungarian Telephone Pres. Ole Bertram said it planned to consolidate its 4 subsidiaries into single company.